Innocentive
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Innocentive

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Innocentive Innocentive Presentation Transcript

  • Study Case
  • WhatisInnoCentive ?
    InnoCentiveis an "open innovation" company that takes research and development problems in a broad range of domains such as engineering, computer science, math, chemistry, life sciences, physical sciences and business, frames them as "challenge problems", and opens them up for anyone to solve them. It gives cash awards for the best solutions to solvers who meet the challenge criteria
  • How doesitworks ?
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  • Partnerships
    Their main partnership is the Rockfeller Foundation (www.rockfound.org) which their role is to find solution to new problem of this 21st century.
  • Revenues
    Revenues come from:
    Suscription fees of companies
    Partnerships
    Commision on rewards
    Consultancy services for companies
  • Whatdoesitsolve ?
    InnoCentive solves problems even for Suppliers / Solvers: They are able to earn a lot of money if they are creative enough; they have a large freedom of action because they can work only on what they are interesting in it and when they want to do it. Furthermore, they have a true feeling of being useful to the mankind by bringing new ideas for nonprofit organization than tries to get the 21st century world better.
  • Competitors
    Fellowforce.comis also a competitor of InnoCentive. It was founded "To Connect Organizations and Talent, through Open Source, for limitless ideas, innovation & solutions". Fellowforce.com aims to open up organizations for outside-in participation from experts, consumers, and other interested parties to generate powerful new options through this collaboration
    Philoptimais one of the direct competitors of InnoCentive. Ithelps foundations, donors, and other grant makers clearly describe a community challenge and create a cash prize to spur innovative ideas to help solve the problem...
  • Expand revenu Source
    If I were running this business I would try to develop it in different languages in order to let more people access to this precious innovation which is online R&D for everyone by everyone. I would also implement more adds to allow more seekers and solvers to join the private circle of “mankind helpers”. Ads can be a group on facebook or other social networks. Then I would try to create more partnerships with nonprofit organization and even real companies. Those partnerships could bring more money to help solvers for very important new innovations.